LiveShare of Affordable Home Supply in 7 Cities Slips from 40% in 2018 to 20% Last Year
Of the total new home supply in seven major cities, the share of affordable homes costing less than Rs 40 lakh per unit fell from...
Category : BUSINESS
TII Signs Share Purchase Agreement with Premji Invest to Acquire Lotus Surgicals
Tube Investments of India (TII) and Premji Invest (PI) on Saturday signed a share purchase agreement to acquire a 100% stake in Lotus Surgicals (Lotus)...
Paytm Launches Upgraded Indigenous Platform, Claims Its 10x Faster
One97 Communications, the parent company of Paytm, has announced the launch of a new technology platform built entirely with indigenous technology. The company claims this...
PNB Raises Rs 974 Crore Via AT-1 Bonds at 8.75% Coupon
On Friday, state-owned lender Punjab National Bank raised Rs 974 crore via additional tier-1 bonds at a coupon rate of 8.75%, 35 basis points (bps)...
Manappuram Finance Committee Approves Rs 8,000 Crore Fundraising Plan for FY24
The board of Kerala-based gold lending giant Manappuram Finance on Friday approved the company’s FY24 fundraising plan, which includes through tranches or tranches of private...
IndiGo CEO Pieter Elbers Gets Share Units Worth Rs 12.5 Crore
The nominating and remuneration committee of InterGlobe Aviation, the operator of IndiGo airlines, has approved the award of 67,150 performance stock units (PSUs) to its...
Indian Overseas Bank Raised 1,000 Crore Via Tier-II Bonds
Indian Overseas Bank (IOB), a Chennai-based public sector lender, has successfully raised Rs 1,000 crore in secondary bonds. The bank issued a Basel III-compliant Tier...
Power Grid Corp Board Approves Raising Rs 600 Crore Through Bonds
The state-owned Power Grid Corporation board has approved a private placement bond issue to raise up to Rs 600 crore. “The Bond Board of Directors,...
Jack Dorsey’s Wealth Slumped by $526 Million After Hindenburg’s Latest Report
Block Inc co-founder Jack Dorsey’s net worth has been hit hard after a new report from Hindenburg Research said the payments company ignored widespread fraud....
Toshiba Accepts $15 Billion Buyout Offer from Japanese Consortium
Toshiba has accepted a buyout offer from a Japanese consortium as the iconic conglomerate draws to a close a troubled chapter in its more than...